Mahindra Manulife Mutual Fund

Mahindra Manulife Investment Management Pvt. Ltd (MMIMPL) was incorporated on 20th June 2013 under the Companies Act, 1956. It is the Investment Manager of Mahindra Manulife Mutual Fund, offering a wide variety of investment solutions across India. As of 31st March 2021, it manages 16 schemes of Mahindra Manulife Mutual Fund. The company is a joint venture of Mahindra & Mahindra Financial Services Limited and Manulife Investment Management (Singapore) Pte. Ltd.

Best Mahindra Manulife Mutual Funds

Fund Name
Category
Rating
Fund Size (in Cr)
1Y Returns
3Y Returns
5Y Returns
Mahindra Manulife Multi Cap Badhat Yojana-Dir Growth Equity - 1,510 6.4 25.8 16.4
Mahindra Manulife Mid Cap Unnati Yojana – Dir Growth Equity 3 1,060 6.3 25.6 -
Mahindra Manulife ELSS Kar Bachat Yojana – Dir Growth Equity 3 517 8.6 21.3 12.1
Mahindra Manulife Hybrid Equity NY – Dir Growth Hybrid 4 570 8.8 20.7 -
Mahindra Manulife Large Cap Pragati Yojana-Dir Growth Equity 4 212 5.9 17.6 -
Mahindra Manulife Rural Bharat & CY – Dir Growth Equity - 57 13.3 17.1 -
Mahindra Manulife Equity Savings DSY – Dir Growth Hybrid 4 454 5.2 13.4 9.6
Mahindra Manulife Low Duration Fund Debt 3 418 4.3 5.2 6.3
Mahindra Manulife UST Fund Debt 3 176 4.5 4.9 -
Mahindra Manulife Liquid Fund Debt 5 591 4.7 4.2 5.4
Mahindra Manulife Dynamic Bond Yojana-Dir Growth Debt 3 68 1.4 4.1 -
Mahindra Manulife Overnight Fund Debt 4 162 4.5 3.7 -
Mahindra Manulife Balanced Advantage Yojana-Dir Growth Hybrid - 681 - - -
Mahindra Manulife Arbitrage Yojana – Dir Growth Hybrid - 26 3.6 - -
Mahindra Manulife Flexi Cap Yojana – Direct Growth Equity - 995 8.1 - -
Mahindra Manulife Focused Equity Yojana – Dir Growth Equity - 636 13.0 - -
Mahindra Manulife Top 250 Nivesh Yojana – Dir Growth Equity - 1,056 6.0 - -
Mahindra Manulife Asia Pacific REITs FOF-DirGrowth Other - 29 -9.3 - -
Mahindra Manulife Short Term Fund Debt 3 53 3.4 - -

Before April 2020, the Mahindra Manulife Investment Management Pvt. Ltd was known as Mahindra Asset Management Company Private Limited. However, on 29th April 2020, Manulife Singapore acquired 49% of the equity share capital of the Asset Management Company and became a co-sponsor of the mutual fund. Accordingly, Mahindra Mutual Fund was renamed Mahindra Manulife Mutual Fund and Mahindra Asset Management Company Private Limited as Mahindra Manulife Investment Management Pvt. Ltd.

The Mahindra Manulife Investment Management Pvt. Ltd offers several open-ended schemes for long-term financial growth, focusing primarily on the semi-urban areas. On 31st March 2021, the average assets under management in the 16 schemes of Mahindra Manulife Mutual Fund were Rs. 5,249 crore.

Some of the mutual fund schemes offered by MMIMPL are as follows:

  • Mahindra Manulife Hybrid Equity Nivesh Yojana

This is an aggressive hybrid fund that invests a large chunk of your money in equity shares and the rest in government debts or bonds. It is suitable for conservative equity investors looking for long-term capital appreciation.

  • Mahindra Manulife Arbitrage Yojana

This Arbitrage Yojana aims to generate income by investing predominantly in the derivative segment of the equity market and the remaining balance in debt and money market instruments. These funds offer preferential tax treatment and are appealing to those in the higher tax bracket.

  • Mahindra Manulife Asia Pacific REITs FOF

This fund invests mainly in the REIT Fund (Real Estate Investment Trust) in the Asia Pacific region. This scheme is an excellent choice for those looking to diversify their portfolio and get exposure in the international real estate market.

  • Mahindra Manulife Balanced Advantage Yojana

This hybrid scheme generates returns through a dynamic mix of equity, debt, and money market instruments. The fund aims to reduce market volatility by diversifying the assets across equity.

  • Mahindra Manulife Rural Bharat and Consumption Yojana

This scheme invests majorly in equity and equity-related instruments of entities that contribute to the growth of rural India.

Mahindra Manulife AMC Ltd Key Information

Name of the Mutual Fund Mahindra Manulife Mutual Fund
Investment Management Company Name Mahindra Manulife Investment Management Pvt. Ltd.
Incorporation Date 20th June 2013
Sponsor Name Mahindra and Mahindra Financial Services Limited
Trustee Name Mahindra Manulife Trustee Private Limited
CEO/MD Mr. Ashutosh Bishnoi
Chief Financial Officer Ms. Ashwini Sankhe
Auditor Messrs. B. K. Khare & Co,

706/708, Sharda Chambers

New Marine Lines, Mumbai – 400020.

Registered Office 4th Floor, A – Wing, Mahindra Towers, Dr. G M Bhosale Marg, P. K. Kurne Chowk, Worli Mumbai – 400018.

Mahindra Manulife Mutual Fund Managers

Ms. Fatema Pacha

Ms. Fatema Pacha has been an Equity Fund Manager in Mahindra Manulife Mutual Fund since September 2020. She has over 14 years of work experience in equity research and fund management. She holds a PGDBM (Finance) from SP Jain Institute of Management and Research and a B.E. (Computers) degree from Thadomal Shahani Engineering College. Ms. Fatema also worked for ICICI Prudential Life Insurance Company and UTI Mutual Fund before joining Mahindra Manulife Mutual Fund.

Mr. Manish Lodha

Mr. Manish Lodha (both a Chartered Accountant and a Company Secretary) has around 20 years of work experience. He has worked in the mutual fund industry for 11 years and the insurance industry (in equity research and fund management) for four years. Before associating with MMIMPL as an Equity Fund Manager, Mr. Lodha worked in Canara HSBC OBC Life Insurance Co. Ltd. and Kotak Mahindra Mutual Fund as a Portfolio Manager, Equity Research. Before this, he had also taken several finance roles in BOC India Ltd. (Now Linde India Ltd.).

Mr. Amit Garg

Mr. Amit Garg has been working as a Fund Manager- Fixed Income at MMIMPL since April 2013. A Chartered Financial Analyst (CFA) and MMS in Finance, Mr. Garg has over 16 years of fixed-income market experience. Thus, he has a good knowledge of fixed market valuation and interest rate movements. Before this, he worked with Daiwa Mutual Fund as Junior Fund Manager and Dealer- Fixed Income.

Mr. Abhinav Khandelwal

Mr. Abhinav Khandelwal is an investment professional with over ten years of experience in Indian equity markets. Being a Chartered Accountant, he has an expert understanding of both the buy-side and sell-side of the equity market. Before joining MMIMPL in Dec 2021, he was an advisor to India dedicated Funds at Canara Robeco. He was also associated with Aegon Life Insurance. There he was responsible for handling fund management and equity research.

How To Invest In Mahindra Manulife?

If you want to invest in Mahindra Manulife mutual funds, the process is straightforward with the 5Paisa platform. It is one of the country’s biggest and most popular online investing platforms. It provides an easy way to add Mahindra Manulife and other mutual funds to your investment portfolio.

You can invest in Mahindra Manulife mutual funds by following these steps:

Step 1: Open 5Paisa.com and log in to your account. You can register and create a new 5Paisa account if you don’t have an account. Opening an account with 5Paisa is easy and takes only three steps. Alternatively, you can download and install the 5Paisa app on your Android or iOS smartphone and log in from your mobile device.

Step 2: Next, you can search for Mahindra Manulife mutual fund scheme you are interested in.

Step 3: Explore the options and select the one that best suits your risk appetite and financial goals.

Step 4: In the next step, you must select your investment type from Lumpsum or SIP (Systematic Investment Plan).

Step 5: Enter the amount you want to invest in the mutual fund and proceed with the payment by clicking on the ‘Invest Now’ button.

Step 6: If you have a balance in your ledger, you can choose to pay for the investment from your ledger. Otherwise, you can set up an autopay mandate using UPI or net banking payment options. Follow the instructions to complete the payment, and your order for the mutual fund gets placed through 5Paisa.

Through these simple steps, you can invest in Mahindra Manulife mutual fund scheme via 5Paisa. Once the process is completed, the mutual fund can be reflected in your 5Paisa account in 3-4 working days.

If you have opted for the SIP option, the selected investment amount will get automatically deducted every month starting from the day you make the first payment.

Top 10 Mahindra Manulife Mutual Funds to Invest

Let us look at the top Mahindra Manulife mutual fund investment options that have provided high returns to investors over time.

With a 3-year annualized return of about 25%, this mutual fund aims to generate long-term capital appreciation and growth opportunities by investing in equity and related securities and derivatives in mid-cap companies.

  • Category: Equity
  • Scheme type: Mid Cap
  • NAV: 17.98 as of 25/07/2022
  • AUM: INR 858.91 crore
  • Inception date: 23 January 2018
  • Fund manager: Abhinav Khandelwal (w.e.f Feb 2022), Manish Lodha (w.e.f Dec 2020)
  • Benchmark: IISL NIFTY Midcap 150
  • SIP (Minimum Amount): INR 500/-
  • SIP Frequency: Monthly
  • Minimum investment amount: INR 1000/-
Min Investment Amt ₹1,000
AUM ₹1,060 Cr
1Y Returns 6.3%

Mahindra Manulife Overnight Fund

This fund is categorized as debt and is an overnight fund investing in securities with a 1-day maturity. This investment option has a very low-interest rate risk but a reduced return. The fund aims to achieve returns with low risk and provide high liquidity.

  • Category: Debt
  • Scheme type: Overnight
  • NAV: 1115.04 as of 25/07/2022
  • AUM: INR 256.95 crore
  • Inception date: 24 July 2019
  • Fund manager: Rahul Pal (w.e.f Jul 2019), Amit Garg (w.e.f Jun 2020)
  • Benchmark: CRISIL Overnight Index TR INR
  • SIP (Minimum Amount): NA
  • Minimum investment amount: INR 1000/-
Min Investment Amt ₹1,000
AUM ₹162 Cr
1Y Returns 4.5%

Mahindra Manulife Liquid Fund

This fund comes under the Debt category of Mahindra Manulife mutual funds. It seeks to generate reasonable returns with high liquidity and low risk through a portfolio of money market and debt instruments. It has a moderately low-risk rating and is ideal for those who want to invest in the short to medium term.

  • Category: Debt
  • Scheme type: Liquid
  • NAV: 1403.16 as of 25/07/2022
  • AUM: INR 1230 crore
  • Inception date: 04 July 2016
  • Fund manager: Rahul Pal (w.e.f Jul 2016), Amit Garg (w.e.f Jun 2020)
  • Benchmark: CRISIL Liquid Fund TR INR
  • SIP (Minimum Amount): INR 500/-
  • SIP Frequency: Monthly
  • Minimum investment amount: INR 1000/-
Min Investment Amt ₹1,000
AUM ₹591 Cr
1Y Returns 4.7%

An ideal scheme for long-term investment, the Mahindra Manulife Focused Equity Yojana provides inflation-beating growth for objectives over a duration of 10-15 years or longer. It aims to generate long-term capital appreciation by investing across a concentrated portfolio of equity and other instruments in a maximum of 30 companies.

  • Category: Equity
  • Scheme type: Focused
  • NAV: 15.25 as of 22/07/2022
  • AUM: INR 498.23 crore
  • Inception date: 17 Nov 2020
  • Fund manager: Fatema Pacha (w.e.f Dec 2020), Krishna Sanghvi (w.e.f Oct 2020)
  • Benchmark: IISL NIFTY 500 TR INR
  • SIP (Minimum Amount): INR 500/-
  • SIP Frequency: Monthly
  • Minimum investment amount: INR 1000/-
Min Investment Amt ₹1,000
AUM ₹636 Cr
1Y Returns 13.0%

With annualized returns of about 24.46% and 15.31% for the last 3 and 5 years, this fund is one of the top-ranking funds in the multi-cap category. This mutual fund aims to generate capital appreciation over medium to long term through low risk and diversification.

  • Category: Equity
  • Scheme type: Multicap
  • NAV: 19.41 as of 22/07/2022
  • AUM: INR 1134.55 crore
  • Inception date: 11 May 2017
  • Fund manager: Fatema Pacha (w.e.f Oct 2020), Manish Lodha (w.e.f Dec 2020)
  • Benchmark: NIFTY 500 Multicap
  • SIP (Minimum Amount): INR 500/-
  • SIP Frequency: Monthly
  • Minimum investment amount: INR 1000/-
Min Investment Amt ₹1,000
AUM ₹1,510 Cr
1Y Returns 6.4%

This mutual fund seeks to generate income by investing largely in arbitrage opportunities in the equity market across cash and derivatives. It also invests some part in the money market and debt instruments. This fund scheme offers preferential tax treatment and is ideal for those in the higher tax bracket.

  • Category: Arbitrage
  • Scheme type: Hybrid
  • NAV: 10.70 as of 22/07/2022
  • AUM: INR 23.09 crore
  • Inception date: 24 August 2020
  • Fund manager: Rahul Pal (w.e.f Aug 2020), Abhinav Khandelwal (w.e.f Apr 2022), Manish Lodha (w.e.f Dec 2020)
  • Benchmark: NIFTY 50 Arbitrage TR INR
  • SIP (Minimum Amount): INR 500/-
  • SIP Frequency: Monthly
  • Minimum investment amount: INR 1000/-
Min Investment Amt ₹1,000
AUM ₹26 Cr
1Y Returns 3.6%

This is an open-ended dynamic allocation fund ideal for those who want to invest over medium to long term. It invests in a dynamically managed portfolio of debt and money market instruments and creates capital appreciation through investment in equity and other instruments. The scheme aims to lower volatility with a diversified portfolio spread across debt, money, and equity instruments.

  • Category: Hybrid
  • Scheme type: Dynamic Asset Allocation
  • NAV: 9.88 as of 25/07/2022
  • AUM: INR 630 crore
  • Inception date: 30 December 2021
  • Fund manager: Manish Lodha, Fatema Pacha, Rahul Pal
  • Benchmark: NIFTY 50 Hybrid Composite Debt
  • SIP (Minimum Amount): INR 500/-
  • SIP Frequency: Monthly
  • Minimum investment amount: INR 1000/-
Min Investment Amt ₹1,000
AUM ₹681 Cr
1Y Returns -%

This hybrid mutual fund has higher-than-average 3-year, and 5-year annualized returns and is suitable for investors looking for income generation and long-term capital appreciation. The scheme generates income by investing in equity, related instruments, arbitrage opportunities, and debt instruments.

  • Category: Hybrid
  • Scheme type: Equity Savings
  • NAV: 15.27 as of 25/07/2022
  • AUM: INR 417.78 crore
  • Inception date: 1 February 2017
  • Fund manager: Fatema Pacha (w.e.f Oct 2020), Rahul Pal (w.e.f Jan 2017), Manish Lodha (w.e.f Dec 2020)
  • Benchmark: NIFTY Equity Savings Index
  • SIP (Minimum Amount): INR 500/-
  • SIP Frequency: Monthly
  • Minimum investment amount: INR 1000/-
Min Investment Amt ₹1,000
AUM ₹636 Cr
1Y Returns 13.0%

An open-ended equity scheme based on the Rural India theme, this mutual fund invests largely in equity and related instruments of companies contributing to rural India’s growth. It is ideal for investors interested in long-term capital appreciation and offers returns as high as 10.66% per year.

  • Category: Equity
  • Scheme type: Thematic
  • NAV: 15.12 as of 25/07/2022
  • AUM: INR 45.47 crore
  • Inception date: 16 Nov 2018
  • Fund manager: Fatema Pacha (w.e.f Dec 2020), Abhinav Khandelwal (w.e.f Apr 2022)
  • Benchmark: IISL NIFTY India Consumption
  • SIP (Minimum Amount): INR 500/-
  • SIP Frequency: Monthly
  • Minimum investment amount: INR 1000/-
Min Investment Amt ₹1,000
AUM ₹57 Cr
1Y Returns 13.3%

An aggressive hybrid mutual fund investing huge sums of money in equity shares, this fund suits conservative equity investors interested in achieving long-term capital appreciation. It also invests in government bonds and debt instruments.

  • Category: Hybrid
  • Scheme type: Aggressive Hybrid
  • NAV: 17.47 as of 25/07/2022
  • AUM: INR 461.71 crore
  • Inception date: 23 July 2019
  • Fund manager: Fatema Pacha (w.e.f Oct 2020), Manish Lodha (w.e.f Dec 2020), Rahul Pal (w.e.f Aug 2020)
  • Benchmark: CRISIL Hybrid 35+65 Aggressive Index
  • SIP (Minimum Amount): INR 500/-
  • SIP Frequency: Monthly
  • Minimum investment amount: INR 1000/-
Min Investment Amt ₹1,000
AUM ₹570 Cr
1Y Returns 8.8%

Frequently Asked Questions

Mahindra Manulife mutual fund has been growing rapidly since its inception, handling an AUM of about Rs. 72,720 crores as of March 2021. The fund has several offerings across categories to suit the needs of varied investors. The company’s market strength, as well as domestic track record, has also worked well. Moreover, they offer high-quality investment options across the landscape.

Mahindra Manulife offers many open-ended mutual fund schemes focusing on long-term financial growth. The company also offers products aimed particularly at rural markets. There are about 20 funds across categories like equity, debt, and hybrid.

To calculate the Mahindra mutual fund SIP, you should take into consideration things like:

  • The amount of investment
  • The SIP tenure
  • Number of Mahindra Manulife mutual fund SIPs already paid, if any
  • Expected rate of interest

You can start investing in Mahindra Manu mutual fund online through 5Paisa without hassle. Alternatively, you can visit the fund company’s official website to make an investment or even use one of the online or mobile platforms.

Yes, you can stop a SIP online at any time. You need to visit the website of Mahindra Manulife mutual fund and log in with your folio number to place a request for stopping the SIP. Alternatively, you can follow these steps to do it from your 5Paisa account:

  • Navigate to Mutual Fund order book
  • Go to the SIP section
  • Select the Mahindra Manu scheme you want to stop
  • Click on the ‘Stop SIP’ button

Your SIP will be stopped, and you can restart it anytime.

To increase the amount of SIP for the Mahindra Manulife mutual fund, you can use Step-Up or Top-Up SIPs. This feature was earlier available for a few funds only, but most of them now offer it. However, it is recommended that you check it with the fund house before doing it. If available, you can use the Step-Up calculator to determine the SIP amount before taking any decision.

Mahindra Manulife mutual fund offers more than 16 fund options catering to the needs of different types of investors. However, not all these funds suit every investor’s goals. It is important to know your investment horizon, financial goals, and risk profile and align them with the fund objectives to identify the best fit.

You can visit a Mahindra Manulife mutual fund office nearby and submit a withdrawal form. You can also go to the fund’s official website and log in with the folio number to redeem your investment. It is also possible to withdraw your Mahindra Manulife mutual fund investment from any online portal like 5Paisa from where you invested.

With 5Paisa, you can easily invest in Mahindra Manulife mutual fund or any other investment option at zero commission. Investing with 5Paisa is safe and offers several other benefits like:

  • Professional management
  • Simple SIP investment process
  • Low minimum investment amount with SIPs starting at only Rs. 500
  • Liquidity transparency
  • Flexibility to select from a wide range of options

No, you don’t necessarily need to open a Demat account to invest in mutual funds. With 5Paisa apps – Mobile Trading App and Invest App, it is easy to invest in mutual funds like Mahindra Manulife. You can download the 5Paisa Invest app and open a mutual fund account to start investing.

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